Bicycle Giants Giant and Merida Report Month-Over-Month Growth, Year-Over-Year Decline in March Revenue

Giant announced March revenue of NT$5.598 billion today, a year-on-year decrease of 17.03%, but a significant increase of 72.2% from February, reaching a 11-month high. Accumulated first-quarter revenue was NT$12.524 billion, a year-on-year decline of 25.71% compared to the same period last year. Merida's March revenue was NT$2.405 billion, a year-on-year decrease of 16.89% and a month-on-month increase of 41.8%, marking a 7-month high. Accumulated first-quarter revenue was NT$5.493 billion, a year-on-year decrease of 27.45%. Giant stated that for its own brands, driven by the start of the spring sales season and new product launches, sales momentum in the European market has recovered, with overall revenue growing by approximately 15%, and Germany showing a monthly revenue increase of over 30%. Giant also pointed out that the Chinese market remains weak, but the decline has significantly narrowed with the gradual launch of new products. The US market's monthly revenue has shown a downward trend due to a Withhold Release Order (WRO) issued by U.S. Customs and Border Protection (CBP), affecting the supply of high-end products. (Editor: Huang Guo Lun) 1150410